Valued Contributor
Posts: 1,406
Registered: ‎03-22-2012
Re: Do the Type of Creditors Affect your Score?

It seems to be the consensus on this forum that you need at least 3 credit cards to maximize your scores. The lender for the credit cards doesn't matter at all when it comes to your scores.


The problem comes in when you start applying for prime cards. Some prime cards will not approve you if you have some of the "bottom of the barrel" cards active on your report. The lenders you mentioned are not on that list.(Orchard,First Premier) Orchard and First Premier are both considered good sub-prime cards. Everyone has to start from somewhere!

Starting Score: EQ 653 6/21/12
Current Score: EQ 707 10/11/15 - EX 813 9/26/15 - TU 711 10/11/15